TOKENTUS INVESTMENT AG
EQS-News: tokentus investment AG
/ Key word(s): Investment
tokentus investment AG invests USD 200,000 into Frachtis Fund I, which focuses on Blockchain 3.0
Frachtis' thesis is that after cloud computing (Amazon Web Service etc.) and world computing (Ethereum etc.), there will be a new paradigm, the so-called agency computing, with the aim of creating an Internet of Blockchains (Blockchain 3.0), a network of blockchains that can communicate with each other in a decentralized manner. Agency computing in this context creates a structure in which users have full control over how they store, process and manage their data, and gives users the ability to manage their personal status, contribute their personal data to on-chain networks, use on-chain applications locally, host applications within personal nodes, share intellectual property (IP) privately and have them computed by peers without revealing secrets. Cosmos, Avalanche and Urbit are typical ecosystems and representatives of this goal of an Internet of Blockchains. According to Frachtis, the growth of developer activities in the Cosmos, Avalanche and Urbit ecosystems is increasing disproportionately fast. Frachtis Fund I is managed by Xavier Meegan (formerly CIO at Chorus One). Brian Crain sits on the Investment Committee. He is CEO and co-founder of Chorus One, President of the Interchain Foundation (COSMOS) and Board Member of the Urbit Foundation. "We have long been looking for a way for tokentus to invest effectively in what we believe is the rapidly expanding field of Blockchain 3.0. A fund-in-fund investment in Frachtis gives us the opportunity and position to be an investor in the next generation blockchain at a very early stage and to benefit in the long term", says Oliver Michel, CEO of tokentus investment AG. "For us, the number and activity of developers is always a good sign that progress is being made in a subject area. And according to the Developer Report, Cosmos is currently in 4th place and Avalanche in 7th place when it comes to developer activity around blockchain projects. That's quite remarkable", adds Benedikt Schulz, Investment Manager at tokentus. "We believe that the Frachtis team has many years of experience in the blockchain space and especially in the functionality of investing. In addition, we believe that the proximity to the Cosmos, Avalanche and Urbit ecosystem is absolutely given, so that investment opportunities can certainly be found and realized. We are looking forward to a close cooperation, which could possibly lead to a co-investment with Frachtis Fund I in addition to the investment in Frachtis Fund I", adds Mona Tiesler, Investment Manager at tokentus.
About tokentus investment AG tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges. With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures and does fund-of-funds investments. Thus, shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures. For further information see: www.tokentus.com Disclaimer This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the "Shares") may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of "U.S. persons" (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). The securities have already been sold. Contact for queries
Oliver Michel
26.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | tokentus investment AG |
| Taunusanlage 8 c/o WeWork | |
| 60329 Frankfurt | |
| Germany | |
| E-mail: | contact@tokentus.com |
| Internet: | www.tokentus.com |
| ISIN: | DE000A3CN9R8 |
| WKN: | A3CN9R |
| Listed: | Regulated Unofficial Market in Frankfurt, Munich (m:access) |
| EQS News ID: | 1933025 |
| End of News | EQS News Service |
1933025 26.06.2024 CET/CEST
